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While the crypto markets are losing all of the gains triggered by a weekend optimism spike, some large meme cryptocurrencies are outperforming all competitors. By contrast, two meme coin behemoths, $SHIB and $DOGE, are in the red today, together with other large caps.
$BONK, $WIF, $POPCAT: Meme coins in top gainers today
Today, Sept. 30, 2024, amid the five best performing cryptocurrencies, two represent the meme coin segment. Dog-coins Bonk ($BONK) and Dogwifhat ($WIF) added 7.1% each in the last 24 hours.
Dogwifhat ($WIF), one of Solana's most unusual meme coins, punished bears: over $2.17 million in liquidations were registered by traders shorting $WIF in the last 24 hours.
Another large-scale cryptocurrency, Popcat ($POPCAT), the only cat-coin in the top 100, increased its market capitalization by 2.4%.
Meanwhile, the rest of cryptocurrencies are down today. The market benchmark lost 3.3%, which is the sharpest drop in recent days. Bitcoin (BTC), the largest cryptocurrency, is down by 3.1%, while Ethereum (ETH) lost 2% overnight.
Shiba Inu ($SHIB), Dogecoin ($DOGE) losing value
At the same time, the largest meme cryptocurrencies, Dogecoin ($DOGE) and Shiba Inu ($SHIB), are under fire today. Both are among the worst performers, together with GALA, CORE and XRP.
Shiba Inu ($SHIB) lost 6.4% overnight, while Dogecoin ($DOGE) bids farewell to 5.4%. Shiba Inu ($SHIB) is replaced by synthetic Ether WSTETH as the 14th largest cryptocurrency.
The largest TON-based meme cryptocurrency, Dogs (DOGS), lost 8.1% of its market cap and sees its capitalization dipping below $400 million.
BabyDogeCoin (BABYDOGE) is down 5.1%.